Study Abroad
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By Akansha Bhadula
Discover how study abroad loans can make your aspirations a reality. From lower interest rates to tax benefits, these loans offer a pathway to success and financial empowerment.
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Interest rates on study abroad loans are lower than personal loans. Female students can avail an additional 0.5% concession from Government banks.
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Education loans offer a moratorium period, unlike personal loans. No EMI payments until course completion + 6 months (extendable to 12), enabling focused studies.
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Education loan for abroad studies covers all essential expenses: tuition, travel, housing, university fees, food, living costs, laptops, and educational tools.
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The Government of India offers interest subsidy schemes for financially disadvantaged students. Central Sector Interest Subsidy, Padho Pardesh Scheme, Dr. Ambedkar Scheme - waive interest during moratorium period.
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Education loan interest payment is tax-deductible under Section 80E of the Income Tax Act, 1961. Reduce your taxable income and save more for your future.
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Students with education loans pay a reduced TCS rate of 0.5% on foreign remittances exceeding Rs 7 lakh. The entire TCS amount can be claimed back, providing financial relief.
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CIBIL: Credit report summarising credit history. Score ranges 300-900, 750+ is good. Education loan boosts CIBIL by timely EMI repayment for future loan approvals.
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Secure an education loan against assets like FDs, insurance, and Government bonds. Preserve your valuable assets and maintain financial flexibility. Focus on your future.
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Education loans make students responsible for repayment after studies, relieving parents of financial burdens. Empower yourself to fund your own education journey.
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Study abroad loans empower you to unlock your global potential. With lower interest rates, tax benefits, and financial freedom, you can focus on your education and embrace a brighter future.
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